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RE: Gold, cats, bitcoins and ...virtual reality

in #money8 years ago

I must be from some other plane of existence because I've never felt drawn to gold or any other "currencies". In my opinion, none of these currencies hold any value other than the belief placed on them. Just as any item or object has no value until proven useful or someone believes it has more value over another item/object and then is consider a tool. And you make a good point to this when mentioning the rocks as a way to ignite fire, this is more valuable as it actually helps to sustain life. Our lives are driven to obtain a belief system instead of just living. You are right in how it is pre-programmed and history is written and rewritten by man, so how accurate can it truly be.

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Some degree of divergent behavior is normal in the larger scheme of things... As for the usefulness, gold can be considered a sample of extremely irrational human behavior where immense efforts to retrieve and process were wasted, compared to channeling all this work to improving other aspects of tribal life. Behavioral game theory would fail to predict things like that happening.

As for the history, it's definitely full of "holes".

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